Macquarie, PureHealth Said to Bid for Portugal’s Luz Saude

Macquarie Group Ltd. and Abu Dhabi-based PureHealth Holding PJSC are among firms that submitted non-binding offers for a minority stake in Portuguese hospital operator Luz Saude, according to people familiar with the matter.

Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by Fosun International Ltd.of China, is looking to sell about 40% of Luz Saude, which is valued at more than €1 billion ($1.1 billion), said the people, who asked not to be identified because the discussions are private. The Lisbon-based insurer plans to receive binding offers by July before taking a final decision on the sale, ...